Business Ethics and Social Responsibility Quiz

Describe the importance of business ethics and social responsibility.

Detect some of the ethical issues that may arise in business.

Specify how businesses can promote ethical behavior.

Explain the four dimensions of social responsibility.

What determines acceptable business behavior?

• The organization.

• Stakeholders.

• An individual’s personal principles and values.

• All of the above.

What is social responsibility?

• Business’s obligation to maximize its positive impact.

• Business’s obligation to minimize its negative impact.

• Both A and B.

• None of the above.

What does business law refer to?

• Laws that govern the conduct of business.

• Regulations that govern personal conduct.

• Laws that only apply to for-profit organizations.

• None of the above.

What is an ethical issue?

• An identifiable problem that requires a choice.

• A legal problem that requires a choice.

• A financial problem that requires a choice.

• None of the above.

What is the most common ethical problem for employees?

• Abusive and intimidating behavior.

• Misuse of company resources.

• Conflict of interest.

• None of the above.

What is a conflict of interest?

• Choosing personal interests over others.

• Choosing others' interests over personal interests.

• A situation with no interests involved.

• None of the above.